Foamit Group will wholly acquire the Norwegian foam glass manufacturing company Glasopor AS. With the sale, Foamit Group strengthens its position as both the leading Nordic manufacturer and as one of the largest global players.
Foam glass aggregate, produced from recycled glass, is an ecological and lightweight building material that is on increasing demand alongside other circular products. The acquisition of Glasopor also supports the growth strategy of the company and enables larger projects in the future.
”Sustainable production and efficient use of resources is a basic theme in the present and future challenges that Foamit Group counters with its own business based on circular economy,” comments Mikael Niemi, Investment Director at Tesi.
Tesi (Finnish Industry Investment Ltd) has been a minority owner in Foamit Group since 2018. The largest individual owner is Partnera.
Press release by Partnera
Mikael Niemi, Investment Director, Tesi
+358 50 597 7303
Tesi (Finnish Industry Investment Ltd) is a state-owned investment company that wants to raise Finland to the front ranks of transformative economic growth by investing in funds and directly in companies. We invest profitably and responsibly, hand-in-hand with co-investors, to create the world’s new success stories. Our investments under management total 1.9 billion euros. www.tesi.fi | @TesiFII